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* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Tri Continental Corporation stock price up 0.91% on Friday
(Updated on May 03, 2024)

Buy or Hold candidate since Apr 22, 2024 Gain 1.18% PDF

The Tri Continental Corporation stock price gained 0.91% on the last trading day (Friday, 3rd May 2024), rising from $29.65 to $29.92. During the last trading day the stock fluctuated 0.94% from a day low at $29.75 to a day high of $30.03. The price has risen in 6 of the last 10 days and is up by 2.22% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 32 thousand more shares were traded than the day before. In total, 62 thousand shares were bought and sold for approximately $1.86 million.

The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Tri Continental Corporation stock with a 90% probability to be traded between $29.83 and $31.53 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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TY Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 2.33%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Tri Continental Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $30.00. On a fall, the stock will find some support from the short-term average at $29.67. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for Tri Continental Corporation stock

Tri Continental Corporation finds support from accumulated volume at $29.85 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.280 between high and low, or 0.94%. For the last week the stock has had daily average volatility of 0.91%.

Our recommended stop-loss: $28.29 (-5.45%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)

Trading Expectations (TY) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Tri Continental Corporation to open at $29.90, and during the day (based on 14 day Average True Range), to move between $29.58 and $30.26, which gives a possible trading interval of +/-$0.338 (+/-1.13%) up or down from last closing price. If Tri Continental Corporation takes out the full calculated possible swing range there will be an estimated 2.26% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $29.85 (0.23%) than the resistance at $30.13 (0.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Tri Continental Corporation stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Tri Continental Corporation stock to perform well in the short-term period.

Current score: 2.790 Buy Candidate Unchanged

Predicted Opening Price for Tri Continental Corporation of Monday, May 6, 2024

Fair opening price May 6, 2024 Current price
$29.90 ( 0.0668%) $29.92

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for TY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 30.18 0.87 %
R2 30.07 0.511 %
R1 30.01 0.291 %
Current price: 29.92
Support S1 29.79 -0.424 %
S2 29.73 -0.645 %
S3 29.62 -1.00 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 30.80 2.94 %
R2 30.63 2.37 %
R1 30.13 0.702 %
Current price 29.92
Support S1 29.85 -0.234%
S2 29.76 -0.535%
S3 28.87 -3.51%

TY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 01, 2024 Mar 08, 2024 Mar 19, 2024 $0.256 0.85%
2 Nov 16, 2023 Dec 08, 2023 Dec 19, 2023 $0.101 0.350%
3 Sep 01, 2023 Sep 08, 2023 Sep 19, 2023 $0.261 0.96%
4 May 18, 2023 Jun 09, 2023 Jun 21, 2023 $0.286 1.06%
5 Jun 09, 2023 Mar 10, 2023 Mar 21, 2023 $0.290 1.11%

FAQ

What is the symbol for Tri Continental Corporation Stock and on which exchange is it traded?
The symbol for Tri Continental Corporation is TY and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Tri Continental Corporation Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Tri Continental Corporation stock to perform well in the short-term period.

How to buy Tri Continental Corporation Stock?
Tri Continental Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Tri Continental Corporation Stock.

What's the current price of Tri Continental Corporation Stock?
As of the end of day on the May 03, 2024, the price of an Tri Continental Corporation (TY) share was $29.92.

What is the 52-week high and low for Tri Continental Corporation Stock?
The 52-week high for Tri Continental Corporation Stock is $5.49 and the 52-week low is $0.360.

What is the market capitalization of Tri Continental Corporation Stock?
As of the May 03, 2024, the market capitalization of Tri Continental Corporation is 1.603B.

When is the next earnings date for Tri Continental Corporation?
The upcoming earnings date for Tri Continental Corporation is Jun 25, 2024.
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About Tri Continental Corporation

Tri-Continental Corporation is a closed ended equity mutual fund launched and managed by Columbia Management Investment Advisers, LLC. It primarily invests in the public equity markets of the United States. The fund invests in stocks of companies that operate across diversified sectors. It seeks to invest in stocks of large-cap companies. The fund benchmarks the performance of its portfolio against S&P 500 Index. Tri-Continental Corporation was f... TY Profile

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